D-Wave Quantum (NYSE:QBTS) Shares Down 9.6% After Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS) shares were down 9.6% on Tuesday following insider selling activity. The stock traded as low as $17.26 and last traded at $17.64. Approximately 23,822,110 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 30,369,021 shares. The stock had previously closed at $19.51.

Specifically, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president directly owned 589,009 shares in the company, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research analysts recently weighed in on QBTS shares. Roth Capital raised their target price on D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.47.

More D-Wave Quantum News

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: AT&T expanded its use of D-Wave’s quantum-annealing technology across network operations to address complex optimization problems. The companies said a network workload that previously required about an hour was completed in roughly 15 seconds—a reported 240-fold acceleration—providing tangible evidence of commercial applications for D-Wave’s systems. Forbes article
• Positive Sentiment: The expanded AT&T relationship strengthens D-Wave’s commercial credibility and could improve future bookings and revenue visibility ahead of earnings. It also triggered broader interest in quantum-computing stocks. AT&T agreement announcement
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $43 price target, while other coverage highlighted significant potential upside if D-Wave converts high-profile technology deployments into recurring enterprise contracts. Rosenblatt analyst note
• Neutral Sentiment: Quantum stocks retreated in premarket trading after Monday’s sector-wide surge, indicating some profit-taking and continued high volatility rather than a clear deterioration in the AT&T business case. Upcoming quarterly results will test whether bookings and commercial momentum are translating into financial performance. TipRanks article
• Negative Sentiment: D-Wave remains an early-stage, loss-making company. Recent revenue fell 80.9% year over year to $2.86 million, while the company reported deeply negative margins and analysts expect a full-year loss. The stock’s valuation therefore depends heavily on future commercialization rather than current earnings.
• Negative Sentiment: Vice President Sophie C. Ames sold 3,070 shares under a pre-arranged Rule 10b5-1 plan. The sale was small relative to her remaining stake and was not necessarily discretionary, but insider selling can add to near-term investor caution. SEC filing

D-Wave Quantum Stock Down 9.6%

The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of -15.61 and a beta of 2.11. The stock has a fifty day moving average of $23.01 and a 200-day moving average of $21.15.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. D-Wave Quantum’s revenue for the quarter was down 80.9% compared to the same quarter last year. As a group, sell-side analysts expect that D-Wave Quantum Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its holdings in shares of D-Wave Quantum by 9.2% in the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after purchasing an additional 515 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of D-Wave Quantum by 3.6% in the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after purchasing an additional 560 shares during the period. AlphaStar Capital Management LLC increased its holdings in shares of D-Wave Quantum by 2.2% in the 4th quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock valued at $708,000 after purchasing an additional 592 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of D-Wave Quantum by 0.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after purchasing an additional 602 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of D-Wave Quantum by 0.7% in the fourth quarter. Arizona State Retirement System now owns 92,037 shares of the company’s stock worth $2,407,000 after purchasing an additional 613 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.